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Without an artifically-imposed minimum wage, employers would actually pay what their employees are worth. That's the way it should be.
No, they would pay what their employees are willing to accept, desperate for any money at all, with crying hungry babies at home. That's not the way it should be.
No, they would pay what their employees are willing to accept, desperate for any money at all, with crying hungry babies at home.
I find it honestly amazing that so many on the right dont understand this. That companies dont pay people what they are worth, they pay them the least they can. And in todays world that number is going down every year as more minimum wage jobs are created replacing other jobs.
I find it honestly amazing that so many on the right dont understand this. That companies dont pay people what they are worth, they pay them the least they can. And in todays world that number is going down every year as more minimum wage jobs are created replacing other jobs.
The right-wing has become completely ideological... as in... believing in fairy tales.
Capitalism has always failed. Capitalism is completely unsustainable without government regulation.
The right-wing has become completely ideological... as in... believing in fairy tales.
Capitalism has always failed. Capitalism is completely unsustainable without government regulation.
Most isms fail. They have narrow ideologies that don't deal well with reality. The only way we can really succeed is by doing whats the best idea. Capitalism works for a LOT of things, but it must be regulated for both its own good and for ours. Socialism works for some VERY limited things. Healthcare being one in my opinion, and even them a mixture of capitalism can make it work better.
Minimum wage is a hot topic in Seattle since the $15/hr minimum wage was passed by the city council yesterday. Seattle conservative talk host Ben Shapiro pointed out that the minimum wage is basically a random number. And he's right. I've never seen a minimum wage proponent explain exactly how they arrive at their number. Seattle city councilwoman and minimum wage bandleader Kshama Sawant says that she would really like a minimum wage in the range of $20/hr or more, but believes that $15 is politically attainable.
I've also seen the suggestion that the minimum wage should be a function of the federal poverty line. But if so, shouldn't the minimum wage be different depending on family size? The federal poverty line varies according to family size, but the minimum wage does not. I don't recall ever hearing any minimum wage proponent even thinking to suggest that it should
How is the minimum wage determined? It seems to me that it is by process of magical thinking. Do liberals believe that random numbers and magical thinking are sound policy?
There should be NO national minimum wage.
NY being a very high cost of living state has NO bearing on the cost of living in say, Mississippi.
To establish a national minimum wage defies logic.
Minimum wage is a hot topic in Seattle since the $15/hr minimum wage was passed by the city council yesterday. Seattle conservative talk host Ben Shapiro pointed out that the minimum wage is basically a random number. And he's right.
Using that same point, aren't all wages just random when you think about it? Case in point, I am a school teacher, my salary is based on what the state can or can't pay state teachers, and what my union collectively bargains as an acceptable salary.
Now depending on the school district (and teachers can attest to this), salaries are striking different. A teacher with the same years of service as me could make any where in the range of 5-10,000 more or less than me. It just depends on the county, city, and school district he works.
What I find to be interesting is that once state revenue tanks, like it did in 2008-2010 in CA, then unions are left to take furlough days or pay cuts, even though people still had mortgages to pay and other bills.
In a free market, aren't wages partly set at what people are willing to work for that wage? Then again, if all of the companies are crying to keep minimum wages down to 8 bucks, then that's, to me, a monopoly on setting salaries low so that the companies can make more profit. I get that, and I am not arguing that businesses shouldn't make a profit. But, if you are a large company like Walmart, for example, then paying $15 an hour is something that a big 128 billion profit making company could absorb easily in my opinion.
Minimum wage is a hot topic in Seattle since the $15/hr minimum wage was passed by the city council yesterday. Seattle conservative talk host Ben Shapiro pointed out that the minimum wage is basically a random number. And he's right. I've never seen a minimum wage proponent explain exactly how they arrive at their number. Seattle city councilwoman and minimum wage bandleader Kshama Sawant says that she would really like a minimum wage in the range of $20/hr or more, but believes that $15 is politically attainable.
I've also seen the suggestion that the minimum wage should be a function of the federal poverty line. But if so, shouldn't the minimum wage be different depending on family size? The federal poverty line varies according to family size, but the minimum wage does not. I don't recall ever hearing any minimum wage proponent even thinking to suggest that it should
How is the minimum wage determined? It seems to me that it is by process of magical thinking. Do liberals believe that random numbers and magical thinking are sound policy?
Family size should have nothing to do with minimum wage; if there is any connection between the two, the relevant poverty level should be for one person. Those at poverty level should not be raising children.
Whatever the minimum wage is, the locally allowable housing supply should be sufficient to make housing affordable to one person working full time at minimum wage. If housing is not affordable to this person - and it is not affordable in most housing markets - government supply controls are too restrictive.
i think we ought to do away with minimum wages and let the market generate wage rates
I think if we do that, we should also do away with minimum housing codes and let the market decide; i.e. if an employer if free to pay $1 per hour, a landlord should be free to provide housing affordable to the $1-per-hour worker.
In 2013 McDonald's increased their McDouble prices 30% because of higher beef & commodity prices. This commodity price inflation was caused by printing money to support under paid working poor people making minimum wage.
??? Printing money caused poor people to buy more beef and more grain, driving up prices?
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